Law and regulation

A new paper commissioned by the American Enterprise Institute, a conservative think tank, highlights risks community banks face from the Dodd-Frank Act.

American Express is pursuing a new chief financial officer to help it manage the opportunities and financial stress borne by the future of digital commerce and emerging merchant acquisition strategies.

Regulators are trying to shut down Mission Settlement Agency in New York and Premier Consultant Group in New Jersey, alleging they charged millions of dollars in unnecessary fees.

The Federal Reserve Board has terminated an enforcement action against Greer Bancshares in Greer, S.C.

The debate to amend provisions of the Dodd-Frank Act is about to become heated as the House Financial Services Committee is scheduled to vote on nine derivatives bills today.

It's difficult to identify the victims of money laundering, other than the bank shareholders that must expend millions of dollars for the proactive compliance required as the state's deputized enforcers.

Banks hope that banking regulators will allow them to avoid taking an accounting hit when they offer forbearance to recent college graduates, many of whom are either out of work or underemployed.

FNB Bancorp in South San Francisco, Calif., has partially repaid the funds it received under the Treasury Department's Small Business Lending Fund.

New York Attorney General Eric Schneiderman stands alone in announcing a lawsuit against Bank of America and Wells Fargo for violations of the $25 billion mortgage settlement. But that may soon change.

New York's attorney general blasted Wells Fargo and Bank of America for "flagrantly" disregarding their promises to help homeowners under last year's 49-state mortgage servicing pact.

Most banks involved in student lending appear unlikely to change their holdings of private student loans over the next year, according to a report issued Monday by the Federal Reserve Board.

The federal government is now even more involved in the design, pricing, allocation and servicing of home mortgage credit than during the subprime lending debacle. Current proposals that call for government involvement would further entrench this situation.

The Federal Housing Finance Agency announced Monday that Fannie Mae and Freddie Mac must restrict future mortgage purchases to "qualified mortgage" loans.

The Oracle of Omaha may love banks, but his sidekick says the time has come to break them up.

When experiments in lending are properly organized and priced, they can be successful for borrowers and lenders of all income groups, even in tough times.

Shareholders and regulators are on the warpath against executive compensation they regard as excessive or poorly structured. Senior bankers and directors, like their colleagues elsewhere in the corporate world, are struggling to design pay plans that encourage managers to innovate while discouraging excessive risk-taking. Further complicating the task are the sometimes competing agendas of investors and rule-makers, as well as the uncertainty surrounding the many Dodd-Frank pay rules yet to be written. Following is a look at some of hot-button items shaping executive compensation during the current proxy season.

Rather than worrying about carving up a depressed purchase market, policymakers should be looking for ways to ensure that creditworthy borrowers have access to homeownership.

New York Attorney General Eric Schneiderman said he will announce new enforcement actions against major financial institutions as part of his effort to "protect New York homeowners."

CtW Investment Group, a union-backed organization that owns roughly six million shares of JPMorgan Chase, has called on shareholders to vote against three directors on the risk policy committee and the head of the audit committee. The move was reported Friday by The New York Times.